Neighborhood LIFT still has $15000 grant money. In certain areas, you may qualify for $7500 in HouseCharlotte down payment and closing cost assistance. If you don't qualify for these, there are down payment matching grants from FHLB Atlanta participating lenders. NACA.com may also be a good option. Your scores are OK, but if you can improve them your options will increase. You may want to read the Trulia Real Estate Blog "Can I get a home or am I stuck renting?" If you meet that criteria, you can probably get a loan. But there is more to buying a home than coming up with financing and a down payment. If you have a full time agent with a Masters degree in Planning with Finance and over two decades of experience, working for you, you will likely do better in negotiations. I'd be pleased to provide that service. If you appreciate this answer, please give it a thumbs up, or if this was the most helpful answer, please say thanks with a best answer click.
I see your predicament and I went through that when I first moved to the Charlotte area eight years ago. There are numerous programs out there to help you with down payment assistance in buying a house. I highly recommend you speak to a qualified mortgage lender that is both familiar with the programs and knows the best avenue for you.
I know a lot of the programs require certain income limits and then there are some that do not. But a good lender will be able to sift through your information and tell you what they feel you will qualify for or not.
One I use that is extremely familiar with the different programs out there and ones that others have not heard of is John Norton with Georgia bank. His cell number is 704-953-3571. Give him a call. It does not cost you anything and he will give you straight answers of what he can and cannot do.
Helen Adams Realty
I am Michael Williams with the Allen Tate Company. 704-612-1005
My in house lending partner with Allen Tate's mortgage company has down payment assistance monies available for you. He recently assisted my buyer in securing finance at a very low rate that required less than $1500.00 from her personal funds. I am a native and have 20 years of real estate experience serving the entire Charlotte metro community with similar issues as yours. You may call me any time. I am glad to offer you my resources and assistance.
I am a 22 yr lending veteran with a portfolio of products that may help you. 100% programs are available but come with strict guidelines especially with credit scores. USDA is also available and the NC Bond program. Also, if you happen to be a Veteran, you can finance 100%. Lastly, there is the House Charlotte program that gives up to $7500 for down payment and or closing cost.
What I suggest you do is get pre-approved by a lender so you can shop with confidence. I could assist you if you would like. I can be reached at 704-651-5275. Best of luck!
So if you're tired of throwing away your hard earned money on rent, you owe it to yourself to at least contact me today and find out more.
Belinda Agosto, Realtor, CDPE, CIAS
ERA Wilkinson & Associates Real Estate